December 7, 2022

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Shares of Arch Capital Group Ltd. (NASDAQ:ACGLGet Rating) have received an average rating of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $54.50.
ACGL has been the topic of a number of recent research reports. StockNews.com initiated coverage on shares of Arch Capital Group in a report on Wednesday. They issued a “hold” rating on the stock. Jefferies Financial Group cut their price objective on shares of Arch Capital Group from $57.00 to $56.00 and set a “buy” rating on the stock in a report on Friday, October 7th. Finally, Barclays upped their price objective on shares of Arch Capital Group from $53.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday.

Arch Capital Group Price Performance

Shares of NASDAQ ACGL opened at $47.00 on Friday. The stock has a market capitalization of $17.35 billion, a P/E ratio of 11.52, a P/E/G ratio of 1.02 and a beta of 0.69. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62. Arch Capital Group has a 1 year low of $40.24 and a 1 year high of $50.73. The company’s 50-day moving average is $46.15 and its 200 day moving average is $45.92.
Arch Capital Group (NASDAQ:ACGLGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The insurance provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.25. The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Arch Capital Group had a net margin of 19.06% and a return on equity of 14.45%. The business’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.00 earnings per share. On average, sell-side analysts expect that Arch Capital Group will post 4.58 earnings per share for the current year.

Insider Activity at Arch Capital Group

In related news, CFO Francois Morin sold 16,885 shares of the stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $46.92, for a total transaction of $792,244.20. Following the transaction, the chief financial officer now owns 193,259 shares in the company, valued at $9,067,712.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Francois Morin sold 16,885 shares of the stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $46.92, for a total transaction of $792,244.20. Following the transaction, the chief financial officer now owns 193,259 shares in the company, valued at $9,067,712.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Louis T. Petrillo sold 7,638 shares of the stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $46.68, for a total transaction of $356,541.84. Following the transaction, the insider now owns 121,297 shares in the company, valued at approximately $5,662,143.96. The disclosure for this sale can be found here. Insiders have sold a total of 40,546 shares of company stock worth $1,883,120 over the last quarter. Company insiders own 4.20% of the company’s stock.

Institutional Trading of Arch Capital Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in Arch Capital Group by 26.5% during the first quarter. Bank of America Corp DE now owns 2,446,743 shares of the insurance provider’s stock valued at $118,470,000 after buying an additional 512,832 shares during the last quarter. Diversified Trust Co purchased a new stake in shares of Arch Capital Group in the second quarter worth $269,000. National Bank of Canada FI increased its stake in shares of Arch Capital Group by 5,587.8% in the first quarter. National Bank of Canada FI now owns 69,903 shares of the insurance provider’s stock worth $3,490,000 after purchasing an additional 68,674 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Arch Capital Group by 5.8% in the first quarter. Envestnet Asset Management Inc. now owns 643,146 shares of the insurance provider’s stock worth $31,141,000 after purchasing an additional 35,179 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. increased its stake in shares of Arch Capital Group by 4,483.2% in the second quarter. Cookson Peirce & Co. Inc. now owns 238,970 shares of the insurance provider’s stock worth $10,871,000 after purchasing an additional 233,756 shares in the last quarter. 87.61% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Company Profile

(Get Rating)
Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.

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Analyst Recommendations for Arch Capital Group (NASDAQ:ACGL)


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